This Policy Applies to GESCHÄFT FORMULAE WEBSITE is a website belonging to and maintained Geschäft Formulae India Private Limited, Raipur, India. (Hereinafter at places referred to as “GFI” / “we”). Geschäft Formulae India Pvt Limited, (GFI) Raipur, India is a Company registered under the provisions of Indian Companies Act having its registered office at 125, B Wing, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, INDIA.

“You” herein means users of the page/website and accept the website User Agreement.

GFI Customers requested to read this page before access to and use of all information on this website is provided subject to acceptance of Terms & Conditions.

Please read the following information carefully. You may not complete your registration and use GFI website without reading the Terms & Conditions of use. With you agreeing to the Terms & Conditions, you agree to abide to the Terms & Conditions of GFI. The electronic consent you provide by agreeing to the Terms & Conditions will be treated as good as your physical signature.

  1. Upload files

The clients / Vendors must ensure that the files being uploaded by them through this website/website are free from all kinds of viruses and contains only the relevant information as stated by the tender inviting authorities for that particular auction/tender. If any Client / Vendor/company has uploaded/attached irrelevant data, bogus or fabricated certificates towards their qualification requirements to the respective tender then their user account will be liable for termination permanently by GFI without any prior notice.

  1. User Conduct

Client / Vendor agree that all information, data, text, software, photographs, graphics, messages or other materials (“Content”), whether publicly posted or privately transmitted, are the sole responsibility of the person from which such Content originated. This means that Client/ Vendor are entirely responsible for all content that they upload, post, e-mail or otherwise transmit via the e-Procurement website. GFI does not control the content posted via the registered user in this website and, as such, does not guarantee the accuracy, integrity or quality of such content. Under no circumstances will GFI be liable in any way for any Content, including, but not limited to, for any errors or omissions in any content, or for any loss or damage of any kind incurred as a result of the use of any content posted, e-mailed or otherwise transmitted via the Site. Except as permitted under law, clients / vendors are not permitted to copy, reproduce, republish, distribute or display any of the information on this website without prior written permission of GFI. We reserve the right to issue legal notice & take legal recourse if GFI become aware of registered user’s violating the above in our website.

  1. No Liability on Contents of Information

Tenders/ Offers shall be published by the authorized Tender Inviting authorities of the respective Procurement companies registered with GFI. GFI is not responsible for the information provided in the tenders published. In case of any clarifications arising out of the tenders, the users must contact the respective Tender Inviting Authority of the respective company

The information on this website is merely general. It is not intended as financial, investment or personal advice and should not be construed or relied on as such. Before making any commitment, Client / Vendor should do their own extensive research and should take self-decision and /or seek advice from adviser or professional. No material contained within this website should be construed or relied upon as providing recommendations in relation to any product or service. The following in this regard be noted:

(a) GFI simply acts as a platform and shall not be responsible for the information uploaded on the website by the registered Vendors, Seller, Buyers, Merchants, Affiliates or Service Providers. It does not produce any product and hence also is not liable for any after sales services whatsoever.

(b) GFI does not arrange contracts or agreements between Clients/ Buyers vendor, seller/buyer and third parties.

(c) GFI has no right or power to bind either you or other registered Vendors, Seller, Buyers, Merchants, Affiliates or Service Providers in relation to their goods, products or services.

(d) Any agreement entered into with a third party as a result of your use of this website is an agreement between the third party and Client / Buyer Vendor; GFI shall not be made a party in any of such agreement.

(e) GFI reserve the right to suspend or terminate the registration and recover the dues (if any); if at a later date, it is found that the information furnished by the Client /buyer / vendor is untrue, inaccurate.

(f) Providing information in the “Client/Vendor Information Form” does not constitute acceptance as an approved & registered vendor. The registration is the sole discretion of GFI.

(g) Being a registered client / vendor does NOT guarantee the receipt of notification for all applicable solicitations or invitation to offer or tenders.

(h) GFI reserves the rights to evaluate the client / vendor on periodical basis and decide the continuation / discontinuation of business with them based on the evaluation report.

(i) Client / Vendor is responsible for the content of the information and its client’s/vendor’s responsibility to keep all information current and provide any subsequent updates, additional information as and when required.

(j) After reasonable time, the auction / tender information may be removed from the website as per the decision of GFI Team.

  1. Links

The Site may provide links to other World Web sites or resources. Because GFI has no control over such sites and resources, User/ Vendor, buyer, seller acknowledge and agree that GFI India is not responsible for the availability of such external sites or resources and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. User/ Vendor further acknowledge and agree that GFI shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

  1. Information Collected:

GFI requires only minimum personal and business information. This information is also used for the purpose of client /vendor research. Also, the information may / will be shared for the purpose of buyer / seller reach which is the purpose of GFI. However, all care will be taken to avoid sharing of transaction data. Only the Name of the registered user, their Logos, Products that they deal in, Email, Contact Telephone numbers, address will be automatically shared.

GFI may store certain important details such as the IP from the website accessed, time, date etc for the purpose of any future tracking and all such data will be the property of GFI.

This information would help us make our site more useful to visitors to learn about the number of visitors to our site and the types of technology our visitors use etc.,

The information provided by Client/ Vendor on GFI will be used by GFI for maximizing the reach of GFI to new Clients / Vendors and hence by accepting the terms and conditions, Client / Vendor authorize GFI to use the information. However, transaction data shall not be shared by GFI with others except for statistical purposes.

GFI undertakes to take all due care with any information which you may provide to us in our website. However, we do not warrant and cannot ensure the security of any information, which you may provide to us. Information you transmit to us is entirely at your own risk although we undertake to take reasonable steps to preserve such information in a secure manner.

  1. Intellectual Property Rights

The copyright to all content on this website including graphics, images, layouts and text belongs to GFI and GFI have a licence to use those materials.

All trademarks, brands and logos generally of the respective OEM and Geschäft Formulae India Pvt Ltd is not the owner.

Any specific Logo, TM used below to the respective owners of the marks and GFI has no control over the same if posted by the user.

Any images, comments, feedback, idea or suggestion which Client / Vendor provide to us through this website becomes GFI property. GFI reserves the right to use comments or feedback in promoting our website.

Any use of Trademark / copyright without prior written permission from GFI or any infringement thereof or by any otherwise means by which rights of GFI gets affected shall attract violation of rights of GFI and for which you along with your accomplice shall be liable to be prosecuted and / or held for heavy compensation as per Indian law.

  1. Governing law

Terms shall be governed by, and construed in accordance with, Indian law. The parties irrevocably agree that the courts at Raipur Chhattisgarh shall have exclusive jurisdiction to settle any dispute which may arise out of, under, or in connection with these Terms or the legal relationship established by them, and for those purposes irrevocably submit all disputes to the jurisdiction of the courts at Raipur, Chhattisgarh irrespective of whether Courts/Tribunals in other areas have concurrent or similar jurisdiction.

GFI reserves the right to initiate any legal action against those bidders violating any of the above-mentioned terms & conditions.

  1. Privacy

GFI is committed to protecting the privacy of our website registered users, clients, vendors and visitors. GFI do not collect any personal or business information unless user/vendor voluntarily provides the same.

  1. Disclaimers

While GFI has taken all due care in providing the information on our website, GFI does not provide any warranty either express or implied including without limitation warranties of title or implied warranties of merchantability or fitness for a particular purpose.

To the extent permitted by law, any condition or warranty, which would otherwise be implied into these terms and conditions, is excluded.

GFI also takes all due care in ensuring that our website is free of any virus, worm, Trojan horse etc, however GFI is not responsible for any damage to user /vendor computer system which arises in connection with use of GFI website or any linked website.

The following be noted

i) GFI does not give any warranties in relation to the goods, products or services provided by third parties and will not be liable to you or any third party for any failure, wrong or default of a registered Vendors, Seller, Buyers, Merchants, Affiliates or Service Providers.

ii) GFI takes no responsibility for the content, privacy or cookies of any Merchant, Affiliate, Service Provider or third-party website that links to or from this website.

iii) GFI gives no warranties and does not vet, authorise or endorse the accuracy, currency, suitability or completeness of any information contained on or accessed through this website.

iv)GFI takes no responsibility for the correctness, accuracy or completeness of the information, or faults or errors in this website or the information contained or linked from the website.

v) GFI will not be responsible for the resolution of any dispute in relation to any agreement formed between you and a third party and shall not be made a party in any agreement or any dispute resolution forum.

10. Miscellaneous

This Agreement shall all be governed and construed in accordance with the laws of India applicable to agreements made and to be performed in/ outside India. GFI failure to insist upon or enforce strict performance of any provision of this Agreement shall not be construed as a waiver of any provision or right. GFI India may assign its rights and duties under this Agreement to any party at any time without notice to User/ Vendor. Any rights not expressly granted herein are reserved.

  1. Modification of terms of Agreement

GFI reserves the right to add to or change/modify the terms of this Agreement. Changes could be made by us after the first posting to the Site and User/ Vendor will be deemed to have accepted any change; if you continue to access the Site after that time. This Site reserves the right to modify, suspend/cancel, or discontinue any or all channels, or service at any time without notice, make modifications and alterations in any or all of the content, products and services contained on the site without prior notice.

  1. Force Majeure

Geschäft Formulae India Pvt Ltd will not be liable for any delay, interruption, failure (temporary or permanent) of services, corruption or any other disruption or event due to force majeure in which the event is beyond the control of Geschäft Formulae India Pvt Ltd and is caused by acts of God, declared or undeclared war, fire, flood, storm, slide, earthquake, power failure, internet connection, poor network, the inability to obtain equipment, supplies or other facilities that are not caused by a failure to pay, labour disputes, or any other events which are beyond our control.

  1. Indemnity

By accessing GFI website, user agree to indemnify and hold GFI harmless from all legal claims, actions, damages, costs and expenses including legal fees or otherwise arising from or in connection with your use of this website.

GFI will not accept liability for any losses or forgone profits incurred by user, vendors to this site who rely directly, or indirectly on any of the information contained or linked to from this website.

The Information submitted in registration form for both Client as well as Vendor will be shared with other client & vendor of GFI to increase the probability of Enquiry.

The terms & Conditions may be amended at the sole discretion of GFI from time to time to make it relevant.

  1. Contact us

Please send any questions or comments (including all inquiries unrelated to copyright infringement) regarding this website to

We operate as per the calendar working days of the company (GFI) whereas the website being in the public domain is accessible round the clock unless not available during technical failures and maintenance periods.

ETHICAL OATH:GFI is a professionally managed website with a strong focus on transparency. The management of GFI, as well as the Clients and Vendors of GFI hereby agree to follow and adhere to a strict ethical code of conduct while transacting on GFI. It is our ambition to establish GFI as a reliable B2B website with our strongest USP being trust and fair dealings for all including the Clients, Vendors and visitors of GFI.”